Kindezi School Inc
Kindezi School Inc shows significant growth but consistently reports 0% officer compensation and high liabilities relative to assets.
EIN: 204295854 · Atlanta, GA · NTEE: B29 · Updated: 2026-03-28
Is Kindezi School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kindezi School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kindezi School Inc
Kindezi School Inc (EIN: 204295854) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B29. The organization reported total revenue of $29.9M and total assets of $23.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kindezi School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kindezi School Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.0M |
| Total Expenses | $27.3M |
| Surplus / Deficit | +$686K |
| Total Assets | $26.6M |
| Total Liabilities | $33.0M |
| Net Assets | $-6,330,665 |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 123.8% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Kindezi School Inc reported a surplus of $686K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 123.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kindezi School Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +18.6% | +51.1% |
| 2022 | +32.7% | -14.5% | -10.8% |
| 2021 | -6.2% | -2.5% | -13.9% |
| 2020 | +1.9% | +10.9% | +18.1% |
| 2019 | +7.6% | +14.5% | +45.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kindezi School Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kindezi School Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $686K, with revenue exceeding expenses.
- Debt-to-asset ratio: 123.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues approaching $30 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the financial statements, requiring further clarification for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kindezi School Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a large organization, which may obscure true executive costs.
- Liabilities frequently exceeding assets, indicating a potentially high-leverage financial position (e.g., 2023: $32.96M liabilities vs. $26.63M assets).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment challenging.
Strengths
The following positive indicators were identified for Kindezi School Inc:
- Significant growth in revenue and operations over the past decade, from $2.9M in 2014 to $28M in 2023.
- Large operational scale, indicating substantial impact in its mission area (latest revenue $29.9M).
- Expenses generally track closely to revenues, suggesting funds are being utilized for operations (e.g., 2023: $27.33M expenses vs. $28.01M revenue).
Frequently Asked Questions about Kindezi School Inc
Is Kindezi School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kindezi School Inc (EIN: 204295854) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Kindezi School Inc spend its money?
Kindezi School Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kindezi School Inc tax-deductible?
Kindezi School Inc is registered as a tax-exempt nonprofit (EIN: 204295854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kindezi School Inc a good charity?
Kindezi School Inc demonstrates significant scale and growth in its educational mission. While its consistent 0% officer compensation is noteworthy, the recurring pattern of liabilities exceeding assets and the lack of detailed expense breakdowns in the provided data make a definitive 'good' or 'bad' assessment difficult without further information on program impact and financial management practices.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation for an organization with revenues nearing $30 million is highly unusual. It could indicate a volunteer leadership model, or that compensation for key executives is reported under other expense categories (e.g., salaries and wages for program staff), or that the organization contracts out executive functions. This warrants further investigation for full transparency.
What is the reason for liabilities frequently exceeding assets?
In several recent periods, such as 2023 ($32.96M liabilities vs. $26.63M assets) and 2021 ($32.06M liabilities vs. $19.75M assets), Kindezi School Inc's liabilities have significantly exceeded its assets. This could be due to long-term debt, capital leases for facilities, or other financial obligations. While not uncommon for growing organizations, it indicates a leveraged financial position that could pose risks if not managed effectively.
Filing History
IRS 990 filing history for Kindezi School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kindezi School Inc's revenue has grown by 1639.3%, moving from $1.6M to $28.0M. Total assets increased by 3975.4% over the same period, from $653K to $26.6M. Total functional expenses rose by 2000.9%, from $1.3M to $27.3M. In its most recent filing year (2023), Kindezi School Inc reported a surplus of $686K, with revenue exceeding expenses. The organization holds $33.0M in liabilities against $26.6M in assets (debt-to-asset ratio: 123.8%), resulting in net assets of $-6,330,665.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.0M | $27.3M | $26.6M | $33.0M | — | — |
| 2022 | $28.3M | $23.0M | $17.6M | $24.7M | — | View 990 |
| 2021 | $21.4M | $27.0M | $19.8M | $32.1M | — | View 990 |
| 2020 | $22.8M | $27.6M | $22.9M | $29.7M | — | — |
| 2019 | $22.4M | $24.9M | $19.4M | $21.4M | — | View 990 |
| 2018 | $20.8M | $21.8M | $13.3M | $12.8M | — | View 990 |
| 2017 | $13.9M | $14.3M | $12.0M | $10.5M | — | View 990 |
| 2016 | $11.4M | $9.1M | $4.7M | $2.9M | — | View 990 |
| 2015 | $3.5M | $3.1M | $1.6M | $2.2M | — | View 990 |
| 2014 | $2.9M | $2.4M | $862K | $24K | — | View 990 |
| 2013 | $1.9M | $2.1M | $411K | $135K | — | View 990 |
| 2012 | $1.5M | $1.5M | $511K | $101K | — | View 990 |
| 2011 | $1.6M | $1.3M | $653K | $199K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.0M, expenses of $27.3M, and assets of $26.6M (revenue -1.2% year-over-year).
- 2022: Revenue of $28.3M, expenses of $23.0M, and assets of $17.6M (revenue +32.7% year-over-year).
- 2021: Revenue of $21.4M, expenses of $27.0M, and assets of $19.8M (revenue -6.2% year-over-year).
- 2020: Revenue of $22.8M, expenses of $27.6M, and assets of $22.9M (revenue +1.9% year-over-year).
- 2019: Revenue of $22.4M, expenses of $24.9M, and assets of $19.4M (revenue +7.6% year-over-year).
- 2018: Revenue of $20.8M, expenses of $21.8M, and assets of $13.3M (revenue +49.6% year-over-year).
- 2017: Revenue of $13.9M, expenses of $14.3M, and assets of $12.0M (revenue +21.7% year-over-year).
- 2016: Revenue of $11.4M, expenses of $9.1M, and assets of $4.7M (revenue +229.3% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.1M, and assets of $1.6M (revenue +18.7% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.4M, and assets of $862K (revenue +52.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.1M, and assets of $411K (revenue +31.6% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $511K (revenue -9.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $653K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kindezi School Inc:
Data Sources and Methodology
This transparency report for Kindezi School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.